Reagan Revolution

Definition

The Reagan Revolution refers to the conservative shift in American politics during Ronald Reagan’s presidency (1981-1989). His administration emphasized lower taxes, decreased government regulation, increased military spending, and free-market capitalism.

Related terms

Supply-side economics ("Reaganomics"): An economic theory suggesting that reducing tax rates stimulates economic growth by encouraging individuals to produce more goods/services.

Cold War: A period of geopolitical tension between Soviet Union-led Eastern Bloc and United States-led Western Bloc after World War II. Reagan's increased military spending was a part of this larger conflict.

Deregulation: The process of removing or reducing state regulations, typically in the economic sphere. It is an opposition to regulated capitalism.